Assenagon Asset Management S.A. Has $44.12 Million Stock Holdings in Performance Food Group Company $PFGC

Assenagon Asset Management S.A. increased its stake in shares of Performance Food Group Company (NYSE:PFGC) by 10.3% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 490,701 shares of the food distribution company’s stock after buying an additional 45,867 shares during the period. Assenagon Asset Management S.A. owned 0.31% of Performance Food Group worth $44,124,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of PFGC. Goldman Sachs Group Inc. boosted its stake in Performance Food Group by 30.3% in the 1st quarter. Goldman Sachs Group Inc. now owns 791,881 shares of the food distribution company’s stock valued at $62,266,000 after purchasing an additional 184,066 shares during the period. Empowered Funds LLC bought a new position in Performance Food Group during the 1st quarter worth $359,000. Creative Planning lifted its holdings in shares of Performance Food Group by 4.5% during the second quarter. Creative Planning now owns 17,445 shares of the food distribution company’s stock worth $1,526,000 after buying an additional 746 shares in the last quarter. Legal & General Group Plc boosted its position in shares of Performance Food Group by 1.2% in the second quarter. Legal & General Group Plc now owns 343,621 shares of the food distribution company’s stock valued at $30,057,000 after acquiring an additional 4,227 shares during the period. Finally, Franklin Resources Inc. boosted its position in shares of Performance Food Group by 9.6% in the second quarter. Franklin Resources Inc. now owns 249,028 shares of the food distribution company’s stock valued at $21,783,000 after acquiring an additional 21,898 shares during the period. 96.87% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other Performance Food Group news, insider Chasity D. Grosh sold 1,843 shares of the business’s stock in a transaction on Tuesday, February 10th. The shares were sold at an average price of $92.03, for a total transaction of $169,611.29. Following the sale, the insider owned 6,601 shares of the company’s stock, valued at approximately $607,490.03. The trade was a 21.83% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 4.50% of the stock is owned by corporate insiders.

Performance Food Group Price Performance

Shares of PFGC stock opened at $85.55 on Thursday. The company has a quick ratio of 0.68, a current ratio of 1.60 and a debt-to-equity ratio of 1.45. Performance Food Group Company has a twelve month low of $68.39 and a twelve month high of $109.05. The company has a market cap of $13.42 billion, a P/E ratio of 38.89, a P/E/G ratio of 1.18 and a beta of 0.91. The business has a fifty day simple moving average of $92.56 and a 200 day simple moving average of $95.65.

Performance Food Group (NYSE:PFGC) last released its earnings results on Wednesday, February 4th. The food distribution company reported $0.98 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.07 by ($0.09). Performance Food Group had a net margin of 0.52% and a return on equity of 15.64%. The business had revenue of $16.44 billion during the quarter, compared to the consensus estimate of $16.54 billion. During the same quarter in the prior year, the firm earned $0.98 EPS. The business’s revenue was up 5.2% on a year-over-year basis. On average, sell-side analysts forecast that Performance Food Group Company will post 4.58 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research firms recently commented on PFGC. Sanford C. Bernstein reaffirmed an “outperform” rating on shares of Performance Food Group in a research report on Thursday, February 5th. Barclays decreased their target price on shares of Performance Food Group from $120.00 to $105.00 and set an “overweight” rating on the stock in a research report on Wednesday, January 7th. Citigroup lowered their target price on shares of Performance Food Group from $127.00 to $126.00 and set a “buy” rating on the stock in a report on Friday, February 6th. UBS Group cut their price target on Performance Food Group from $120.00 to $108.00 and set a “buy” rating for the company in a research note on Thursday, February 5th. Finally, Morgan Stanley reduced their price target on Performance Food Group from $123.00 to $120.00 and set an “overweight” rating on the stock in a research report on Thursday, February 5th. Nine investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, Performance Food Group presently has an average rating of “Moderate Buy” and a consensus target price of $116.44.

Performance Food Group Profile

Performance Food Group Company (NYSE: PFGC) is a leading foodservice distribution company headquartered in Richmond, Virginia. The company operates through multiple segments, offering a broad range of products including fresh, frozen and dry foods, as well as non-food items such as supplies, paper goods and equipment. Performance Food Group serves a diverse customer base that encompasses independent and multi-unit restaurants, healthcare facilities, hospitality venues, schools, and other institutional customers.

Through its national broadline division, Performance Food Group provides next-day delivery of products sourced from both company-owned processing facilities and third-party suppliers.